Exceptional Restaurant with Late License in Kent For Sale

Town centre location, next to bus stop & large car park, S.E. LONDON / KENT borders

Turnover £ 5,500
Price £154,995

Features

Most Attractrive Licensed Restaurant with Late Licence

4 STAR HYGIENE RATING
SEATING FOR 110 PEOPLE OVER 2 FLOORS
FORECOURT WITH SEATING FOR 16 PEOPLE.
2am ALCOHOL LICENCE, live music, Karaoke etc

PREMISES in the region of 2,980 ft², laminated strip floor, spot lights. Bar, drinks display fridge (glass fronted upright triple-door), with Tables and chairs providing seating for 55 People, 2 x Flat Screen TV's, CCTV system (8 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), charcoal grill, 4 Valentine deep fryer, salad fridge, plate warmer, griddle, dishwasher (commercial), 3 x microwave (commercial). Etc

Walkin coldroom

Walkin Frezer

First floor in the region of 680 ft² wuth;

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.
Staff Toilet with w.c. and wash hand basin.
Stock room / Store room

Basement in the region of 950 ft² with Tables and chairs providing seating for 55 People…
Bar

Sofa lounge area, 3 x Flat Screen TV's.
Small Office..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx. (£1,000 on Deliveries)

Staff

The business is at present operated by the vendor with 3 full time & 4 part time staff.

Trading Hours

CLOSED MONDAYS
TUESDAY - THURSDAY 5.30pm - 10pm
FRIDAY 12 noon - 10pm
SATURDAY 5pm - 11pm
SUNDAY 12 Noon - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows with potential accommodation rental income of £40,000 per annum. The accommodation comprises:

6 double Bedrooms (1 en suite)
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Additional W.C.

Outside

Small Yard

Tenure

The vendor subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £45,000 p.a.

Business Rates from April 2025 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £154,995 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,498 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote